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So far I believe cryptocurrency is one of, if the not the most, uncorrelated asset class. https://www.forbes.com/sites/laurashin/2016/06/02/4-reasons-why-bitco
by ericb 9y ago
So far I believe cryptocurrency is one of, if the not the most, uncorrelated asset class.
https://www.forbes.com/sites/laurashin/2016/06/02/4-reasons-why-bitcoin-represents-a-new-asset-class/#58b8d2873426 https://www.forbes.com/sites/laurashin/2016/06/02/4-reasons-...
- fullshark 9y agoYeah cause it's going through wild price swings due to idiosyncratic factors (Mt Gox, "Civil War", Coinbase decreasing purchasing frictions etc) which are pretty orthogonal to the stock market. Regardless I think the wild price ride crypto has been on this past year is primarily driven by speculation (and possibly market manipulation), and as such when the recession comes and investors face a liquidity crunch they will sell their BTC.
- justinzollars 9y agoBut they seem to be correlated with one another - look at the similarity between ETC, BTC and LTC